BusinessInsider.com recently reported that Hewlett-Packard, otherwise known as HP, has planned to lay off an additional 9,000 persons, bringing the grand total number of laid off employees to 50,000 in 2014, alone. See full article here.

HP is now the latest company to lay off a large percentage of its workforce and joins IBM, Motorola and many others who are "trimming" overhead as we travel further into the millennium. This leaves many middle class Americans asking, "What is going on?" Check out my breakdown in the video below: